FY24 congressional community project funding dreamspring 1 $200K
Active Project Grant Awarded
- Award ID
- SBAHQ24I0041
- Recipient
-
Dreamspring UEI DW6GMUZGQDJ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $218,400
Award facts
- Assistance listing
- 59.059 Congressional Grants
- Completion date 77% complete
- Funding
-
- $200,000.00 Federal
- $18,400.00 Non-federal
- Place of performance
- Albuquerque, NM, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration's Office of the Chief Operating Officer awarded a $218,400 Congressional Grants program (CFDA 59.059) Project Grant to Dreamspring, a nonprofit community lender, to support small business development and entrepreneurship initiatives in Albuquerque, NM. The grant, which runs from July 1, 2024 to June 30, 2027, will enable Dreamspring to provide microloans, financial training, and other assistance to small businesses, entrepreneurs, and communities in low- and moderate-income areas. As a certified Community Development Financial Institution (CDFI), Dreamspring leverages federal grant funding to deliver comprehensive financial products and services that foster small business growth and economic inclusion in underserved communities across Arizona, New Mexico, Nevada, and Texas.
Quick answers
Who received award SBAHQ24I0041?
SBAHQ24I0041 was awarded to Dreamspring by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24I0041 worth?
$218,400 has been obligated on SBAHQ24I0041: $200,000 in federal funding and $18,400 in non-federal funding.
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